Bitcoin is trading in a grand cycle wave labled as wave C, in which we are seeing a formation of five waves inside.
a real close above 35500$ will activate a more bullish scenario and gain more momentum to target 42600********* a great resistance in place.
42600 can be an end of an intermediate cycle and we can see a major pullback from these levels, however a break above 42600 will confirm 54000$ as a final target and it will probably be the end of the first grand cycle...
we can see a pullback retesting 19000$ maybe less....
Good Luck
a real close above 35500$ will activate a more bullish scenario and gain more momentum to target 42600********* a great resistance in place.
42600 can be an end of an intermediate cycle and we can see a major pullback from these levels, however a break above 42600 will confirm 54000$ as a final target and it will probably be the end of the first grand cycle...
we can see a pullback retesting 19000$ maybe less....
Good Luck
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